Asean

Hong Kong-listed National Arts Entertainment and Culture Group is preparing to spin off and list a pair of assets as a trust on the Singapore Exchange.

Indonesia’s triple-C rated Indika Energy priced a $265m bond on Monday on the back of a nearly five times subscribed book. The issuer’s rating story was complicated by downgrades over the past year, but investors were willing to consider its likely future as a B2 rated credit. Morgan Davis reports.

Sumitomo Mitsui Banking Corp and ANZ are making changes to their loans businesses in Singapore. SMBC is building up its distribution capabilities, while ANZ is looking to replace a senior banker.

CDL Properties has thrown open the doors for the Singapore green bond market, launching its deal on Thursday, just two weeks after the country announced a grant scheme for socially responsible issuers.

Modernland Realty launched a new dollar deal on Thursday, following on the success of other high yield Indonesian names this year.

Three senior members of Deutsche Bank’s Asia debt and equities teams have left, with two of them jumping ship to Credit Suisse.

Indonesia’s triple-C rated Indika Energy grabbed $265m from a new deal on Monday, on the back of a five times subscribed book fueled by yield hungry investors.

Ascott Residence Trust has wrapped up its rights issue 1.8x covered, raising S$442.7m ($313.7m) for the Singapore real estate investment trust.

South Korea’s Lotte Group is targeting a third quarter listing of its Malaysian petrochemicals arm, which will raise more than $1bn.

The nation state is the safest in the world, according to Euromoney Country Risk, but its neighbour Malaysia is heading in the opposite direction. And, at last, it looks like it is India’s time to shine

Stressed situation in oil and gas exposures weigh on annual results, but CEOs hope to see a wealth management upside

A year after the country’s new government passed a financial institutions law to modernize a creaking banking system, Yangon’s licensed commercial bankers are still waiting for regulators to implement the reforms and make the system fit for purpose. In the meantime, savvy locals are trying to get on with building a banking industry